Singapore's telco kings get 1800MHz, 2500MHz spectrum rights

There wasn't any biddng war.

According to OSK DMG, the Infocomm Development Authority (IDA) of Singapore has provisionally awarded the 1800MHz and 2500MHz spectrum rights to SingTel, StarHub and M1 at their reserve prices.

As expected, there was no bidding war given the more than sufficient spectrum available. The award also puts to rest talks of a new operator emerging.

Here's more from OSK DMG:

We maintain our NEUTRAL rating on the Singapore telco sector, with SingTel and M1 as our top picks. We see potential special dividends going into 2014 in light of the recent developments.

The IDA has provisionally awarded 150MHz of the 1800MHz and 120MHz of the 2500MHz spectrum to SingTel, StarHub and M1.

Both spectrum bands were awarded to the telcos at their reserve prices of SGD16m (1800MHz) and SGD10m (2500MHz) per blocks of 5MHz each as there were more than sufficient spectrum available, eliminating earlier fears of a bidding war and the potential entry of a new operator.

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